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Will Ferrell has said that a sequel to hit comedy Anchorman could still be in the pipeline – if the film studio decide to go ahead with it.

Will Ferrell starred in Anchorman: The Legend of Ron Burgundy (Getty)

The comedian, who starred as newsreader Ron Burgundy in the 2004 film, told Entertainment Weekly that he was still in talks with Paramount about the long-touted follow-up.

He said: ‘It’s a little peculiar. On the one hand, [we were] begged to do a sequel for such a long time, and then we finally came up with a concept that we liked, we talked to [Paramount] and everyone was up for it.

‘To get the reaction we got, it’s slightly puzzling to us. But you know what? It’s also their money. They get to do or not do whatever they want. So we’ll see.’

He tweeted: ‘So bummed. Paramount basically passed on Anchorman 2. Even after we cut our budget down. We tried.’

But Ferrell is still keeping his fingers crossed adding: ‘We’re still going back and forth. Maybe there is a solution. Or, I know in talking to Adam, if it never happens, then it never happens. And that’s fine too. So we’ll just see.’